“For years, we were able to practice HR without needing the numbers. Those times have changed, and data deficiency has given the HR professional an Achilles’ heel.” (Source: Talent Management Magazine article: “All Aboard the Numbers Train”)
HR Systems Drive Efficiency & Improve Profit-per-Employee
“50 percent of companies [enteprises] are now implementing some form of ‘Talent Management’ and the value-add is 26 percent higher revenue-per-employee than companies with no integrated processes.” –Bersin research analyst group.
The equation is simple, if profit-per-employee is increased through higher productivity and employee engagement and/or by eliminating waste and administration then the overall profit of your organization will increase.
While having an HR system becomes a requirement at a certain size (based on company complexity and their people needs) how do you choose from the hundreds of quality solution providers?
The criteria system for evaluating HR Technology Systems that we start with is as follows (a full list of features and functionality should be compared in terms of the priority/need for your organization):
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A major trend that has started to spread across industries is the need for many organizations to adopt full “Integrated Talent Management.” This holistic talent management platform is typically implemented in modules:
I. Core HR: Payroll, Benefits, ESS & MSS (Portals), Administration, Compensation, T&A, etc.
II. Employee Record
III. Training and Development: Competencies, Assessment, LMS, Performance Management, Workforce Management, etc.
IV. Talent Acquisition: ATS, Onboarding, Assessment, Selection, Screening, Workforce Planning, Job Board integration, etc.
V. Enterprise Functionality: Workflow, Document Management, Testing and Surveys, Communication, CRM, Project Management, Social Networks, Web 2.0, etc.. For some organizations, it makes a lot of sense to take the CRM or ERP plunge in tandem with an HR investment in order to have true integration with core business processes.
For a list of vendors checkout the following resources:
- http://www.humanresourceexperts.com/
- http://hrchitect.friscowebsites.com/Partners/vendorpartners
- http://www.bersin.com/Lib/Rs/
- http://www.hrtechconference.com/expo_attendee.html
- http://www.comparehris.com/
The most important result of systems implementation is that HR becomes strategic and enables the organization to focus. Contact Ephor for a full list of features and functions by module component listed above.
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